James B. Lockhart III, Director of the Office of Federal Housing Enterprise Oversight (OFHEO)

1700 G Street, NW
4th Floor
Washington, DC 20552

Tel: 202/414-3800
Fax: 202/414-3823

James B. Lockhart III is the Director of the Office of Federal Housing Enterprise Oversight (OFHEO). He was nominated by President George W. Bush to become the Director of OFHEO, and was confirmed by the U.S. Senate on June 15, 2006.  Lockhart also served as Deputy Commissioner of Social Security, also Residentially-appointed and Senate-confirmed position. He was the Agency’s Chief Operating Officer, Secretary to the Social Security Board of Trustees and a member of the President’s Management Council and its Executive Committee. Lockhart also served in the previous Bush Administration as Executive Director of the Pension Benefit Guaranty Corporation from 1989 until 1993. He reported to a Board composed of the Secretaries of Labor, Treasury and Commerce.

Lockhart co-founded and served as managing director of NetRisk, a risk management software and consulting firm serving major financial institutions, banks, insurance companies and investment management firms worldwide. He has an extensive background in financial services including insurance, investment banking and pensions.

He has served in senior positions at National Reinsurance, Smith Barney, Alexander & Alexander and Gulf Oil, in Europe and the U.S. He has served as a member of the American Benefits Council’s Board of Directors and serves on the Advisory Board to the Task Force for the Critical Review of the US Actuarial Profession.

A native of Connecticut, Lockhart is married with two children. He graduated from Yale University with a bachelor’s degree and received a master’s degree from Harvard Graduate School of Business Administration. He also served as a Lieutenant (j.g.) in the U.S. Navy aboard a nuclear submarine.

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